Gas to liquids (GTL)
US shale advantage to dissipate in future - study
The US shale advantage makes US petrochemicals made from methane and ethane more competitive, but that advantage, accruing mostly to ethylene, dissipates over the next 20 years, according to a new study from Probe Economics.
Nustar to modify, expand South Texas pipelines as Valero seeks more Eagle Ford crude
NuStar Energy has entered into an agreement with Valero in which NuStar will modify existing sections within its South Texas pipeline system and build new sections to transport Eagle Ford and other crude oils.
NOVA inks deals for Marcellus Shale ethane supply, delivery to Canada cracker
NOVA Chemicals has entered into three agreements to help revamp its Corunna cracker in Ontario, Canada, to utilize up to 100% natural gas liquids (NGL) feedstocks.
US Gulf oil production remains 60% shut after Lee
Offshore oil and gas operators in the Gulf of Mexico are re-boarding platforms and rigs following Tropical Storm Lee, with more than half of oil production still shut in.
Shell to invest $800mn in Ukraine shale gas
Shell has agreed to invest up to $800 million as part of a project to extract shale gas in Ukraine, according to officials with both the company and the Ukraine government.
Shell sells $730m stake in Norway gas transport JV
Shell has agreed to sell its interests in natural gas transport infrastructure joint venture Gassled to Infragas Norge for about $730 million, based on current exchange rates. Gassled is Norway’s integrated gas transportation system and processing facilities, which transports most of the gas production on the Norwegian Continental Shelf (NCS) to consumers on the European continent and in the United Kingdom.
Magellan Midstream to reverse Texas pipeline, take crude to Houston refineries
Magellan Midstream is proceeding with the reversal and conversion of a portion of the partnership's 18-inch Houston-to-El Paso pipeline to crude oil service. The reversed pipeline system is expected to have an initial capacity of 135,000 bpd to refiners in Houston and Texas City, supported by long-term committed volumes for a portion of this capacity.
PGI Energy forms new European division to trade petroleum products in UK
PGI Energy has established a new European division, registered in London and Wales to trade petroleum products throughout the UK, the energy holding company said on Wednesday.
Foster Wheeler awarded EPCm contract for Engen South Africa pipeline project
Foster Wheeler has been awarded a contract by Engen Petroleum for engineering, procurement and construction management (EPCm) services for Engen’s new multi-products pipeline feeder lines and infrastructure project at the company’s Durban refinery in South Africa.
US raises outlook for Marcellus Shale gas recovery
The Marcellus Shale contains about 84 trillion cubic feet of undiscovered, technically recoverable natural gas and 3.4 billion bbl of undiscovered, technically recoverable natural gas liquids according to a new assessment by the US Geological Survey (USGS).
- AFPM/API: President Trump officially overturns California (U.S.) gas car ban 6/12
- Decision on oil refiner Italiana Petroli's sale expected around end-June 6/12
- EIA: U.S. crude stocks fall, gasoline and distillate inventories rise as refining activity increases 6/12
- AB Foods holds off bioethanol plant closure decision until June 25 6/12
- EU to subsidize high volume of greener aviation fuel to boost airline demand 6/12
- Solvay, Veolia inaugurate new unit for recycling industrial flue gas treatment residues in Meurthe-et-Moselle, France 6/12
